Because Most Services Cannot Be Inventoried, There Is Little Place

question 52

True/False

Because most services cannot be inventoried, there is little place for JIT to help service organizations achieve competitive advantage.

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Definitions:

Gain On Disposal

A profit realized from the sale of a non-current asset, exceeding its carrying amount on the books.

Non-operating Section

A section of the income statement that reports revenue and expense resulting from secondary, non-core business activities.

Statement Of Income

A financial statement that shows a company's revenues, expenses, and net profit or loss over a specific period.

Intangible Asset

An asset that is not physical in nature, such as patents, trademarks, and goodwill, which has value due to its potential to generate economic benefits.